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Afternoon Brief, July 17

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Napa's Duckhorn Wine Company announced this morning that it is purchasing Sonoma Pinot Noir powerhouse Kosta Browne Winery. Duckhorn will replace Kosta Browne's current stakeholders, the investment fund J.W. Childs, as the sole owner. The deal includes Kosta Browne's winery and tasting room in Sebastopol, as well as 80 acres of owned vineyards and leases on 90 additional acres, as well as all inventory...